Ameriprise Financial Reports Strong Q1 Earnings with Revenue and EPS Growth
Ameriprise Financial reported strong Q1 earnings with adjusted operating revenues up 11% to $4.8 billion and adjusted operating EPS up 19% to $11.26. The company also saw a 12% increase in AUM to $1.7 trillion and plans to return 88% of operating earnings through buybacks and dividends. However, client flows were described as 'lighter' due to cautious behavior and expected transfers from the Comerica relationship.
Topics: Advisor Productivity AI Integration AUM Growth Capital Returns Earnings EPS Growth M&A Revenue Growth